Promotion of AccèsBanque Madagascar

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The project to promote Accessbank Madagascar (ABM) helps to improve access to needs-based financial services for economically active, low-income sections of the population in Madagascar. In particular, the aim is to offer new types of financial services in the Malagasy context that were previously inaccessible to these population groups. ABM will use long-term FC financing to offer operators of small and medium-sized enterprises (SMEs) housing loans and loans to finance investments in renewable energies and energy efficiency (4E). By expanding the product range of ABM (one of the two largest microfinance banks in the country), a contribution will be made to the target group-oriented broadening and deepening of the Madagascan financial sector. In addition, demonstration and imitation effects on other microfinance banks are possible. A long-term FC subordinated loan will be made to ABM. Long-term refinancing enables the bank to also provide longer-term loans. This is particularly important for financing housing and larger investments.